Total monthly cost of ownership
Cost to Own a Home in Fernandina Beach, Florida
A $484,000 home here costs
$3,717per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,488. The real number is $1,229 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fernandina Beach against Nassau County and Florida
| Measure | Fernandina Beach | Nassau County |
|---|---|---|
| Median home value | $483,700 | $351,100 |
| Median property tax | $3,941 | $2,558 |
| Effective tax rate | 0.815% | 0.729% |
| Median gross rent | $1,581 | $1,335 |
| Population | 13,239 | 94,653 |
The weather behind that power bill
Fernandina Beach sits in Nassau County, which averages a high of 91.9°F in its hottest month and a low of 42.9°F in its coldest, with 53.4" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 2,803 cooling and 1,228 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Nassau County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nassau County
Common questions
How much does it cost to own a home in Fernandina Beach?
A $484,000 home in Fernandina Beach, Florida costs approximately $3,717 per month with 20% down at 6.66%. That is $2,488 principal and interest, $329 property tax, $292 homeowners insurance, $204 utilities and $403 set aside for maintenance.
What is the property tax rate in Fernandina Beach?
Fernandina Beach has an effective property tax rate of 0.815%, based on a median home value of $483,700 and median real estate taxes of $3,941. That is higher than the Nassau County average of 0.729%.
What is the average home price in Fernandina Beach?
The median owner-occupied home value in Fernandina Beach, Florida is $483,700, against $351,100 across Nassau County.
Is it cheaper to rent or buy in Fernandina Beach?
Median gross rent in Fernandina Beach is $1,581 a month, against $3,717 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fernandina Beach — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.